Millrock Sells Three Exploration Projects IN the Golden Triangle District, British Columbia
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
NR: 18-14
MILLROCK SELLS THREE EXPLORATION PROJECTS IN THE
GOLDEN TRIANGLE DISTRICT, BRITISH COLUMBIA
VANCOUVER, BRITISH COLUMBIA, August 9, 2018 - Millrock Resources Inc. (TSX-V: MRO,
OTCQX: MLRKF) ("Millrock") is pleased to report that it has executed a definitive agreement for
a transaction in which its three exploration projects in the Golden Triangle District of British
Columbia - Oweegee Dome, Willoughby and Todd Creek - have been sold to Sojourn
Exploration Inc. (“Sojourn”, TSX-V: SOJ). The agreement to sell the properties was previously
announced here when Millrock entered into a Letter of Intent to complete the transaction in
February of this year.
The existing option agreements with Sojourn concerning Millrock’s Oweegee Dome and
Willoughby projects have been terminated. Sojourn has announced a financing of $2.5 million,
concurrent with the closing of the transaction. Millrock presently owns 1,800,000 Sojourn
common shares and will be issued 7,823,417 additional common shares of Sojourn for a total of
9,623,417 Sojourn common shares. The shares will be held for 12 months under a voluntary
pooling agreement. Upon closing of the financing, if $2.5 million is raised, Millrock will be a
19.9% owner of Sojourn (inclusive of the Sojourn shares issued to SDE for the acquisition
mentioned below). Millrock will retain a royalty on the properties and receive reimbursement of
$250,000 from Sojourn for exploration costs incurred in 2017.
As part of the transaction, Sojourn also purchased four other British Columbia projects from a
private company Seven Devils Exploration Ltd. (“SDE”) for shares. The SDE team will take over
executive and technical management of Sojourn.
Millrock President & CEO Gregory Beischer commented: “Sojourn will have a new management
team that has outstanding depth in British Columbia metallogeny. We anticipate the newly
constituted company will have great success following the Project Generator business model
and make great discoveries that will, in turn, benefit Millrock shareholders.”
The SDE properties give Sojourn (and therefore Millrock) exposure to three of British
Columbia’s most productive belts for porphyry copper-gold exploration, the Toodoggone District
(Oxide Peak project), the northern Quesnel Trough (Eagle project), and the Late Cretaceous
Bulkley intrusions of the Skeena Arch (Rip project), as well as a newly discovered Miocene
porphyry belt in Northern Vancouver Island (Teeta Creek project). Along with the Golden
Triangle projects that Millrock has contributed, Sojourn will have a strong property portfolio with
which to begin its Project Generator mineral exploration business.
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
Millrock Reports Definitive Agreement for
Sale of British Columbia Projects
Page 2
The agreement will require the approval of the TSX Venture Exchange, and consent of some
underlying claim owners. Gregory A. Beischer, President, CEO and a director of Millrock
Resources, is also a director of Sojourn.
Qualified Person
The scientific and technical information disclosed within this document has been prepared,
reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock
Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.
About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies,
packages and operates large-scale projects for joint venture, thereby exposing its shareholders
to the benefits of mineral discovery without the usual financial risk taken on by most exploration
companies. The company is active in Alaska, British Columbia, the southwest USA and Sonora
State, Mexico. Funding for drilling at Millrock’s exploration projects is primarily provided by its
joint venture partners. Business partners of Millrock have included some of the leading names in
the mining industry: Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and
Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn
Exploration Inc.
ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)
Some statements in this news release contain forward-looking information. These statements
address future events and conditions and, as such, involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or
achievements to be materially different from any future results, performance or achievements
expressed or implied by the statements. Such factors include, without limitation, the receipt of
TSX Venture Exchange approval to the agreements described in this news release and the
satisfaction or waiver of the conditions set out in those agreements including Sojourn’s
completion of a private placement to raise at least $2.5 million.